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Chairman Smith Opening Statement: Markup of Default Prevention Act 

March 09, 2023 — Blog

As prepared for delivery This morning we will consider the Default Prevention Act, introduced by Rep. McClintock of California. We also have an amendment in the nature of a substitute that will build on Mr. McClintock’s bill to take off the table the risk of defaulting on our debt, to protect our seniors, and to prioritize those who defend this nation each and every day. The ...

In the Heartland, Ways and Means Committee Listens to Working Americans’ Struggles in Biden Economy

March 08, 2023 — Blog

YUKON, OK - Two days before President Biden releases his budget to the American people, the Ways and Means Committee held its second field hearing in Yukon, Oklahoma to hear directly from working Americans about the state of the American economy in the heartland. Working Oklahomans told the committee they want Congress to focus on lowering taxes to fight inflation, promote ...

Smith, Schweikert Call Out Biden Administration for Cooking the Books on IRS E-File Study

March 04, 2023 — Blog

WASHINGTON, DC – A think tank with ties to the liberal wing of the Democrat party is drawing scrutiny from Ways and Means Republicans after it was selected by the Biden Administration to receive $15 million in taxpayer funds to “review” an e-file program designed to make the Internal Revenue Service (IRS) both tax collector and tax preparer – a program for which the ...

Chairman Smith Announces Hearing on the State of the American Economy: The Heartland

March 02, 2023 — Blog

House Committee on Ways and Means Committee Chairman Jason Smith (MO-08) announced this week that the Committee will hold its second field hearing on the State of the American Economy: The Heartland. The hearing will take place on Tuesday, March 7, 2023, in Yukon, Oklahoma.  “During our first official hearing of the 118th Congress, the Ways and Means Committee ...

Small Businesses Are Settling In for a Weak Economy

March 01, 2023 — Blog

Small businesses continue to be weighed down by historic inflation, chronic labor shortages, and pessimistic expectations of economic conditions for the future, according to the NFIB Small Business Optimism Index. Small businesses ...

Ways and Means Approves Plan to Recover Hundreds of Billions in Misspent, Stolen Unemployment Benefits

March 01, 2023 — Blog

WASHINGTON, DC – Yesterday, the House Ways and Means Committee approved legislation to jumpstart recovery efforts on hundreds of billions of dollars of COVID unemployment insurance payments stolen by fraud. The Department of Labor Inspector General estimated that improper payments in pandemic unemployment programs have left taxpayers on the hook for at least $191 billion. ...